Network equipment maker's CEO tells reporters that the joint venture is looking to unload noncore units to focus on mobile network equipment.
Network equipment maker announces major reorganization, with cost cuts and layoffs in plan to slash operating expenses by 500 million euros by end of 2011.
The wireless equipment maker is offering carriers a software upgrade for its EDGE equipment that will double the speed of downloads on their 2.5G EDGE networks.
Nokia Siemens Networks said it had completed the world's first multiuser field trial of Long Term Evolution technology in an urban environment.
Joint venture between Nokia and Siemens gets off the ground--but it's already warning profits won't grow much in 2007.
Industry giants combine network divisions and promise to deliver better mobile Internet access using HSDPA and WiMax.
The $16.6 billion deal will see the companies combine their networking and telecoms strengths.
Peter Oppenheimer will retire this year. Taking his place will be Luca Maestri, currently vice president of finance and corporate controller.
The Finnish handset maker will pay about $2.2 billion for the half of Nokia Siemens Networks that it doesn't already own.
Due to the federal government's concerns over security, telecommunicatons gear maker has effectively been shut out of the American market for now.